Leavenworth Condo Update – 2020 Mid Year
Earlier in the spring we documented the struggles that many condo sellers were having in the Leavenworth real estate market. At that time, buyer demand for condos appeared low and inventory was starting to increase.
Looking back at the first six months of 2020, it looks like demand for condos has returned and inventory is quite low again.
While the number of closed sales is lagging a behind previous years, the number of pending sales is a better indicator of what is happening right now. Limited supply of condos is probably the biggest contributor to the number of sales, unlike earlier in the year when demand was low.
In early August of 2020 when this blog post was written, there were just 3 Kahler Glen condos for sale and no units in Leavenworth proper actively listed for sale. At the same time, there are a total of 8 pending sales!
Once again, it is a strong market for sellers in Leavenworth and buyers will be challenged by low inventory and high buyer demand.
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Required Disclaimer NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.
